On Thursday, The Walt Disney Company reported its earnings for the fourth quarter and fiscal year ended on October 3, 2020. Its main streaming service, Disney+, has reached 73.7 million paid subscribers, almost tripling its user base since the end of the 2019 fiscal year. The service arrives in Latin America on November 17th.
As a whole, Disney‘s results were adversely impacted by the novel coronavirus. The most significant impact was at the “parks, experiences and products” segment – since the second quarter of the fiscal year, the company’s parks and resorts have been closed or operating at significantly reduced capacity.
“Even with the disruption caused by COVID-19, we’ve been able to effectively manage our businesses while also taking bold, deliberate steps to position our company for greater long-term growth,” said Bob Chapek, The Walt Disney Company’s CEO in the statement to investors, stressing that “the real bright side” of the crisis has been the company’s direct-to-consumer business, which includes the streaming services.
In addition to Disney+ impressive results, ESPN+ and Hulu have also grown, reaching 10.3 million subscribers (from 3.5 million on September 28, 2019), and 32.5 million (from 28.9 million on September 28, 2019), respectively.
At the end of September, Netflix had 195.15 million subscribers worldwide.